Heshun Electric(SZ:300141) Zheng Quan Zhi Xing·2025-08-26 16:40Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that the 2024 restricted stock incentive plan of Suzhou Industrial Park Heshun Electric Co., Ltd. has met the necessary conditions for the first vesting period and the related stock cancellation, complying with relevant regulations [1][2][9]. Group 1: Legal Compliance and Approval - The law firm conducted a thorough verification of the legality and effectiveness of the adjustments related to the incentive plan, ensuring that the facts presented are true, accurate, and complete [2][3]. - The necessary approvals for the stock incentive plan were obtained from the company's board of directors and supervisory board during meetings held on June 27, 2024, and subsequent dates [5][7][9]. Group 2: Vesting Conditions - The first vesting period allows for 40% of the granted restricted stocks to vest after 12 months from the grant date, which is set for August 21, 2024, leading to the first vesting date on August 21, 2025 [9][12]. - The performance target for the first vesting period requires a revenue growth rate of no less than 20% for the fiscal year 2024, based on the previous year's revenue [9][12]. Group 3: Stock Cancellation - One incentive object has been disqualified due to resignation, resulting in the cancellation of the corresponding unvested restricted stocks, which aligns with the provisions of the incentive plan [13][14]. - The law firm confirms that the cancellation of stocks is in accordance with the relevant regulations of the management measures and the incentive plan [13][14].